P.K.B. Electrical & Data Installation Ltd - Period Ending 2022-04-30
P.K.B. Electrical & Data Installation Ltd - Period Ending 2022-04-30
Registration number:
P.K.B. Electrical & Data Installation Ltd
for the Year Ended 30 April 2022
P.K.B. Electrical & Data Installation Ltd
Contents
Balance Sheet |
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Notes to the Unaudited Financial Statements |
P.K.B. Electrical & Data Installation Ltd
(Registration number: 03345658)
Balance Sheet as at 30 April 2022
Note |
2022 |
2021 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
8 |
8 |
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Retained earnings |
37,723 |
38,831 |
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Shareholders' funds |
37,731 |
38,839 |
For the financial year ending 30 April 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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P.K.B. Electrical & Data Installation Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2022
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of electrical installation services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Office equipment |
25% reducing balance basis |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Debtors
Trade debtors are amounts due from customers for electrical installation services performed in the ordinary course of business.
P.K.B. Electrical & Data Installation Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2022
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Tangible assets |
Office equipment |
Total |
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Cost or valuation |
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At 1 May 2021 |
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Additions |
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At 30 April 2022 |
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Depreciation |
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At 1 May 2021 |
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Charge for the year |
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At 30 April 2022 |
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Carrying amount |
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At 30 April 2022 |
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At 30 April 2021 |
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Debtors |
Current |
2022 |
2021 |
Trade debtors |
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Other debtors |
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P.K.B. Electrical & Data Installation Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2022
Creditors |
Creditors: amounts falling due within one year
2022 |
2021 |
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Due within one year |
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Trade creditors |
- |
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Taxation and social security |
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Other creditors |
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Related party transactions |
Transactions with the director |
2022 |
At 1 May 2021 |
Advances to director |
Repayments by director |
At 30 April 2022 |
P D Buxey |
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P Buxey |
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( |
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2021 |
At 1 May 2020 |
Advances to director |
Repayments by director |
At 30 April 2021 |
P D Buxey |
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P Buxey |
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( |
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Other transactions with the director |
P D Buxey had a loan account with the company during the year on which interest has been charged at the HMRC official rate. At the balance sheet date the amount due from P D Buxey was £37,555 (2021: £41,654).